SK Telecom Co., Ltd.

Consolidated Income FY15 FY16 FY17 FY18

Operating revenues KRW bn 17,137 17,092 17,520 16,874
Operating expenses KRW bn 15,429 15,556 15,983 15,672
Operating income KRW bn 1,708 1,536 1,537 1,202
EBITDA KRW bn 4,701 4,603 4,784 4,485
Net profit or loss from non- KRW bn 327 560 1,867 2,774
operating
Income items
from continuing operations KRW bn 2,035 2,096 3,403 3,976
before tax net income
Consolidated KRW bn 1,516 1,660 2,658 3,132

Consolidated Financial FY15 FY16 FY17 FY18

Total assets KRW bn 28,581 31,298 33,429 42,369
Total liabilities KRW bn 13,207 15,181 15,399 20,020
Total shareholders' equity KRW bn 15,374 16,116 18,029 22,349
Total assets
Total assets KRW bn 28,581 31,298 33,429 42,369
Current assets KRW bn 5,160 5,997 6,202 7,959
Non-current assets KRW bn 23,421 25,301 27,227 34,410
Total liabilities
Total liabilities KRW bn 13,207 15,181 15,399 20,020
Current liabilities KRW bn 5,256 6,444 7,109 6,848
Non-current liabilities KRW bn 7,951 8,737 8,290 13,172
Total shareholders' equity
Total shareholders' equity KRW bn 15,374 16,116 18,029 22,349

Consolidated FY15 FY16 FY17 FY18

Cash flows from operating activities KRW bn 3,788 4,243 3,855 4,333
Cash flows from investing activities KRW bn -2,880 -2,462 -3,070 -4,048
Cash flows from financing activities KRW bn -965 -1,045 -826 -238
Net increase (decrease) in cash and KRW bn -670 736 -41 47
cash equivalents
Cash and cash equivalents at end of KRW bn 769 1,505 1,458 1,507
the year
Key Ratios FY15 FY16 FY17 FY18
Subscribers /
Subscribers thousand 28,626 29,595 30,195 30,882
Market Share % 49.4 49.1 48.2 47.2
Total subscribers /
Total subscribers thousand 57,937 60,287 62,651 65,360
Penetration % 112.4 116.6 121.0 126.1
Key Ratio
ROA % 5.3 5.3 8.0 7.4
ROE % 9.9 10.3 14.7 14.0
Debt/EBITDA 1.6 1.6 1.6 2.2
EBITDA/Interest Expenses 15.8 15.8 16.0 14.6
1. Key Ratio - ROA = Consolidated Net Income / Total Assets
2. Key Ratio - ROE = Consolidated Net Income / Total Shareholder's Equity
3. Key Ratio - Debt/EBITDA = Interest-bearing Financial Debt / EBITDA
4. Key Ratio - EBITDA Interest Coverage = EBITDA / Interest Expense
 Valuation Snapshot FY15 FY16 FY17 FY18
Year-end stock price KRW 215,500 224,000 267,000 269,500
Earnings Per Share (EPS) KRW 20,988 23,497 36,582 44,075
Book-value Per Share (BVPS) KRW 190,401 199,590 223,284 276,786
Price/Sales 1.0 1.1 1.2 1.3
1. EPS = Consolidated Net Income / Weighted Average of Outstanding Common Shares less Treasury Shares (Based on Audit Report)
2. BVPS= Total Shareholder's Equity / Total Number of Shares Outstanding
3. Price/Sales= Year-end Stock Price / Revenue per Share

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FY19
17,744
16,634
1,110
5,045
53
1,163
862

FY19
44,612
21,788
22,824

44,612
8,102
36,509

21,788
7,788
14,000

22,824

FY19
3,986
-3,583
-637
-233
1,271

FY19
31,535
46.4

67,937
131.0

1.9
3.8
2.0
12.7
 FY19
238,000
12,144
282,659
1.1
n Audit Report)

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